Money brokers reap ahead of Eid

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12th-Jun-2018

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UNB, Dhaka :Vendors of shiny-as-new taka notes are making an easy profit as fresh note-seekers are on the spree to collect on the occasion of Eid ul Fitr. The preference for carrying fresh notes on the occasion of Eid, though not rational, reflects the special place in their hearts for Eid.Elders seek to live up to the expectations of the young ones, not only with the amount in taka of the Salami (blessings) they proffer. They must also make sure it is denominated in hard, new cash that crackle as you fold and unfold them. Visiting the thriving roadside stalls in Gulistan and Sadarghat, UNB correspondent found sellers are busy to sell the new note to the note seekers, and customers were collecting their new notes from the street vendors paying a charge. The vendors informed that during the Eid festive season they charge Tk150 to Tk 500 per bundle containing 100 new notes, on top of the monetary value of the bundle. So, for example, a bundle of new Tk 5 notes will cost Tk 650 - (500 + 150) afor Eid season but normally they sell new notes for a premium of Tk50 from Tk150 over the bundle. "We are satisfied with the current sale of the new currency as we are getting many buyers during the Eid season comparing to the normal days. They (note seekers) collect money without considering the high charge," said Alamgir, a street vendor in the Gulistan area. Mohammad Saiful Islam, a hawker in the city's Jatrabari area who came to Gulistan for new notes, told UNB that he had bought the new notes for his children and relatives. "I do not prefer to go to the banks to collect money as they are reluctant to provide the new note to us. But my children expect the new note from me in the Eid. If they get the new note, they feel happy. So I collect before every Eid." Though banks sell new notes on the occasion too, many new note seekers like Saiful rush to the street vendor.

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